Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statements of Operations

	Statement of Operations
	For the Year Ended December 31, 2015
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	148		$	11		$	13,727		$	—		$	13,886
Costs and expenses:
Operating	65			5			8,254			—			8,324
Selling, general and administrative	46			244			2,165			—			2,455
Depreciation and amortization	6			20			238			—			264
Restructuring charges	—			—			81			—			81
Impairment charge	—			—			484			—			484
Gain on sales of businesses	(117		)	—			(22		)	—			(139		)
Total costs and expenses	—			269			11,200			—			11,469
Operating income (loss)	148			(258		)	2,527			—			2,417
Interest (expense) income, net	(486		)	(403		)	521			—			(368		)
Other items, net	(3		)	9			(32		)	—			(26		)
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(341		)	(652		)	3,016			—			2,023
Benefit (provision) for income taxes	160			215			(962		)	—			(587		)
Equity in earnings (loss) of investee companies, net of tax	1,593			1,090			(33		)	(2,683		)	(33		)
Net earnings from continuing operations	1,412			653			2,021			(2,683		)	1,403
Net earnings from discontinued operations, net of tax	1			—			9			—			10
Net earnings	$	1,413		$	653		$	2,030		$	(2,683	)	$	1,413
Total comprehensive income	$	1,378		$	660		$	2,030		$	(2,690	)	$	1,378

	Statement of Operations
	For the Year Ended December 31, 2014
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	159		$	11		$	13,636		$	—		$	13,806
Costs and expenses:
Operating	68			6			8,015			—			8,089
Selling, general and administrative	61			255			2,146			—			2,462
Depreciation and amortization	6			16			259			—			281
Restructuring charges	—			3			23			—			26
Impairment charge	—			—			52			—			52
Total costs and expenses	135			280			10,495			—			10,910
Operating income (loss)	24			(269		)	3,141			—			2,896
Interest (expense) income, net	(443		)	(383		)	476			—			(350		)
Loss on early extinguishment of debt	(351		)	—			(1		)	—			(352		)
Other items, net	(1		)	4			(33		)	—			(30		)
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(771		)	(648		)	3,583			—			2,164
Benefit (provision) for income taxes	280			229			(1,271		)	—			(762		)
Equity in earnings (loss) of investee companies, net of tax	3,444			1,270			(48		)	(4,714		)	(48		)
Net earnings from continuing operations	2,953			851			2,264			(4,714		)	1,354
Net earnings (loss) from discontinued operations, net of tax	6			(1		)	1,600			—			1,605
Net earnings	$	2,959		$	850		$	3,864		$	(4,714	)	$	2,959
Total comprehensive income	$	2,769		$	857		$	3,819		$	(4,676	)	$	2,769

	Statement of Operations
	For the Year Ended December 31, 2013
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Revenues	$	145		$	11		$	13,849		$	—		$	14,005
Costs and expenses:
Operating	69			8			8,047			—			8,124
Selling, general and administrative	65			323			2,158			—			2,546
Depreciation and amortization	6			14			270			—			290
Restructuring charges	—			1			19			—			20
Total costs and expenses	140			346			10,494			—			10,980
Operating income (loss)	5			(335		)	3,355			—			3,025
Interest (expense) income, net	(457		)	(369		)	459			—			(367		)
Other items, net	—			4			3			—			7
Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies	(452		)	(700		)	3,817			—			2,665
Benefit (provision) for income taxes	152			235			(1,265		)	—			(878		)
Equity in earnings (loss) of investee companies, net of tax	2,170			1,288			(49		)	(3,458		)	(49		)
Net earnings from continuing operations	1,870			823			2,503			(3,458		)	1,738
Net earnings (loss) from discontinued operations, net of tax	9			(5		)	137			—			141
Net earnings	$	1,879		$	818		$	2,640		$	(3,458	)	$	1,879
Total comprehensive income	$	1,903		$	815		$	2,463		$	(3,278	)	$	1,903

Condensed Consolidating Balance Sheets

	Balance Sheet
	At December 31, 2015
	CBS Corp.			CBS Operations Inc.		Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Assets
Cash and cash equivalents	$	267		$	1	$	55		$	—		$	323
Receivables, net	28			2		3,598			—			3,628
Programming and other inventory	3			3		1,265			—			1,271
Prepaid expenses and other current assets	192			26		337			(30		)	525
Total current assets	490			32		5,255			(30		)	5,747
Property and equipment	46			180		3,017			—			3,243
Less accumulated depreciation and amortization	20			118		1,700			—			1,838
Net property and equipment	26			62		1,317			—			1,405
Programming and other inventory	6			9		1,942			—			1,957
Goodwill	98			62		6,321			—			6,481
Intangible assets	—			—		5,514			—			5,514
Investments in consolidated subsidiaries	42,744			12,775		—			(55,519		)	—
Other assets	163			11		2,487			—			2,661
Intercompany	—			2,248		23,988			(26,236		)	—
Total Assets	$	43,527		$	15,199	$	46,824		$	(81,785	)	$	23,765
Liabilities and Stockholders’ Equity
Accounts payable	$	1		$	4	$	187		$	—		$	192
Participants’ share and royalties payable	—			—		1,013			—			1,013
Program rights	4			4		366			—			374
Current portion of long-term debt	206			—		16			—			222
Accrued expenses and other current liabilities	418			230		1,141			(30		)	1,759
Total current liabilities	629			238		2,723			(30		)	3,560
Long-term debt	8,113			—		113			—			8,226
Other liabilities	2,986			252		3,178			—			6,416
Intercompany	26,236			—		—			(26,236		)	—
Stockholders’ Equity:
Preferred stock	—			—		126			(126		)	—
Common stock	1			123		590			(713		)	1
Additional paid-in capital	44,055			—		60,894			(60,894		)	44,055
Retained earnings (deficit)	(20,518		)	14,913		(16,081		)	1,168			(20,518		)
Accumulated other comprehensive income (loss)	(770		)	4		81			(85		)	(770		)
	22,768			15,040		45,610			(60,650		)	22,768
Less treasury stock, at cost	17,205			331		4,800			(5,131		)	17,205
Total Stockholders’ Equity	5,563			14,709		40,810			(55,519		)	5,563
Total Liabilities and Stockholders’ Equity	$	43,527		$	15,199	$	46,824		$	(81,785	)	$	23,765

	Balance Sheet
	At December 31, 2014
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations			CBS Corp. Consolidated
Assets
Cash and cash equivalents	$	63		$	1		$	364		$	—		$	428
Receivables, net	29			2			3,428			—			3,459
Programming and other inventory	4			3			915			—			922
Prepaid expenses and other current assets	306			27			373			(30		)	676
Total current assets	402			33			5,080			(30		)	5,485
Property and equipment	41			162			2,961			—			3,164
Less accumulated depreciation and amortization	15			98			1,618			—			1,731
Net property and equipment	26			64			1,343			—			1,433
Programming and other inventory	7			8			1,802			—			1,817
Goodwill	98			62			6,538			—			6,698
Intangible assets	—			—			6,008			—			6,008
Investments in consolidated subsidiaries	41,144			11,685			—			(52,829		)	—
Other assets	185			17			2,292			—			2,494
Intercompany	—			2,726			21,772			(24,498		)	—
Total Assets	$	41,862		$	14,595		$	44,835		$	(77,357	)	$	23,935
Liabilities and Stockholders’ Equity
Accounts payable	$	3		$	24		$	275		$	—		$	302
Participants’ share and royalties payable	—			—			999			—			999
Program rights	5			3			396			—			404
Commercial paper	616			—			—			—			616
Current portion of long-term debt	4			—			16			—			20
Accrued expenses and other current liabilities	388			270			1,064			(30		)	1,692
Total current liabilities	1,016			297			2,750			(30		)	4,033
Long-term debt	6,349			—			127			—			6,476
Other liabilities	3,029			249			3,178			—			6,456
Intercompany	24,498			—			—			(24,498		)	—
Stockholders’ Equity:
Preferred stock	—			—			126			(126		)	—
Common stock	1			123			590			(713		)	1
Additional paid-in capital	44,041			—			60,894			(60,894		)	44,041
Retained earnings (deficit)	(21,931		)	14,260			(18,111		)	3,851			(21,931		)
Accumulated other comprehensive income (loss)	(735		)	(3		)	81			(78		)	(735		)
	21,376			14,380			43,580			(57,960		)	21,376
Less treasury stock, at cost	14,406			331			4,800			(5,131		)	14,406
Total Stockholders’ Equity	6,970			14,049			38,780			(52,829		)	6,970
Total Liabilities and Stockholders’ Equity	$	41,862		$	14,595		$	44,835		$	(77,357	)	$	23,935

Condensed Consolidating Statement of Cash Flows

	Statement of Cash Flows
	For the Year Ended December 31, 2015
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(634	)	$	(201	)	$	2,229		$	—	$	1,394
Investing Activities:
Acquisitions, net of cash acquired	—			—			(15		)	—		(15		)
Capital expenditures	—			(16		)	(177		)	—		(193		)
Investments in and advances to investee companies	—			—			(98		)	—		(98		)
Proceeds from sale of investments	79			—			2			—		81
Proceeds from dispositions	318			—			67			—		385
Other investing activities	(3		)	—			—			—		(3		)
Net cash flow provided by (used for) investing activities from continuing operations	394			(16		)	(221		)	—		157
Net cash flow used for investing activities from discontinued operations	(3		)	—			—			—		(3		)
Net cash flow provided by (used for) investing activities	391			(16		)	(221		)	—		154
Financing Activities:
Repayments of short-term debt borrowings, net	(616		)	—			—			—		(616		)
Proceeds from issuance of senior notes	1,959			—			—			—		1,959
Payment of capital lease obligations	—			—			(17		)	—		(17		)
Dividends	(300		)	—			—			—		(300		)
Purchase of Company common stock	(2,813		)	—			—			—		(2,813		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(96		)	—			—			—		(96		)
Proceeds from exercise of stock options	142			—			—			—		142
Excess tax benefit from stock-based compensation	88			—			—			—		88
Increase (decrease) in intercompany payables	2,083			217			(2,300		)	—		—
Net cash flow provided by (used for) financing activities	447			217			(2,317		)	—		(1,653		)
Net increase (decrease) in cash and cash equivalents	204			—			(309		)	—		(105		)
Cash and cash equivalents at beginning of year	63			1			364			—		428
Cash and cash equivalents at end of year	$	267		$	1		$	55		$	—	$	323

	Statement of Cash Flows
	For the Year Ended December 31, 2014
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(1,107	)	$	(194	)	$	2,576		$	—	$	1,275
Investing Activities:
Acquisitions, net of cash acquired	—			—			(27		)	—		(27		)
Capital expenditures	—			(27		)	(179		)	—		(206		)
Investments in and advances to investee companies	—			—			(98		)	—		(98		)
Proceeds from sale of investments	—			—			12			—		12
Proceeds from dispositions	—			—			7			—		7
Other investing activities	(4		)	—			—			—		(4		)
Net cash flow used for investing activities from continuing operations	(4		)	(27		)	(285		)	—		(316		)
Net cash flow used for investing activities from discontinued operations	(29		)	—			(256		)	—		(285		)
Net cash flow used for investing activities	(33		)	(27		)	(541		)	—		(601		)
Financing Activities:
Proceeds from short-term debt borrowings, net	141			—			—			—		141
Proceeds from issuance of senior notes	1,728			—			—			—		1,728
Repayment of notes and debentures	(1,146		)	—			(6		)	—		(1,152		)
Payment of capital lease obligations	—			—			(17		)	—		(17		)
Dividends	(292		)	—			—			—		(292		)
Purchase of Company common stock	(3,595		)	—			—			—		(3,595		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(146		)	—			—			—		(146		)
Proceeds from exercise of stock options	283			—			—			—		283
Excess tax benefit from stock-based compensation	243			—			—			—		243
Other financing activities	(3		)	—			—			—		(3		)
Increase (decrease) in intercompany payables	3,921			221			(4,142		)	—		—
Net cash flow provided by (used for) financing activities from continuing operations	1,134			221			(4,165		)	—		(2,810		)
Net cash flow (used for) provided by financing activities from discontinued operations	(11		)	—			2,178			—		2,167
Net cash flow provided by (used for) financing activities	1,123			221			(1,987		)	—		(643		)
Net (decrease) increase in cash and cash equivalents	(17		)	—			48			—		31
Cash and cash equivalents at beginning of year (includes $29 of discontinued operations cash)	80			1			316			—		397
Cash and cash equivalents at end of year	$	63		$	1		$	364		$	—	$	428

	Statement of Cash Flows
	For the Year Ended December 31, 2013
	CBS Corp.			CBS Operations Inc.			Non- Guarantor Affiliates			Eliminations		CBS Corp. Consolidated
Net cash flow (used for) provided by operating activities	$	(934	)	$	(187	)	$	2,994		$	—	$	1,873
Investing Activities:
Acquisitions, net of cash acquired	—			—			(20		)	—		(20		)
Capital expenditures	—			(27		)	(185		)	—		(212		)
Investments in and advances to investee companies	—			—			(176		)	—		(176		)
Proceeds from sale of investments	—			1			6			—		7
Proceeds from dispositions	—			—			164			—		164
Other investing activities	23			—			—			—		23
Net cash flow provided by (used for) investing activities from continuing operations	23			(26		)	(211		)	—		(214		)
Net cash flow used for investing activities from discontinued operations	—			—			(58		)	—		(58		)
Net cash flow provided by (used for) investing activities	23			(26		)	(269		)	—		(272		)
Financing Activities:
Proceeds from short-term debt borrowings, net	475			—			—			—		475
Payment of capital lease obligations	—			—			(17		)	—		(17		)
Payment of contingent consideration	—			—			(30		)	—		(30		)
Dividends	(300		)	—			—			—		(300		)
Purchase of Company common stock	(2,185		)	—			—			—		(2,185		)
Payment of payroll taxes in lieu of issuing shares for stock-based compensation	(145		)	—			—			—		(145		)
Proceeds from exercise of stock options	146			—			—			—		146
Excess tax benefit from stock-based compensation	148			—			—			—		148
Other financing activities	(4		)	—			—			—		(4		)
Increase (decrease) in intercompany payables	2,602			213			(2,815		)	—		—
Net cash flow provided by (used for) financing activities	737			213			(2,862		)	—		(1,912		)
Net decrease in cash and cash equivalents	(174		)	—			(137		)	—		(311		)
Cash and cash equivalents at beginning of year (includes $21 of discontinued operations cash)	254			1			453			—		708
Cash and cash equivalents at end of year (includes $29 of discontinued operations cash)	$	80		$	1		$	316		$	—	$	397